The rebounding stock market is opening the performance leader boards to the next generation of mutual funds. Well, make that the unheard of mini-funds anyway. The WSJ Fund Track's Sam Mamudi reports
that none of the seven top performing funds for the 12 months ending in July comes from one of the 25 largest fund complexes (which raises unanswered questions about the eight, ninth and tenth place funds, doesn't it?).
None of the top eight performing funds has more than $700 million in assets, also. That means the funds have plenty of room to add assets if the performance stays up.
The largest on the list -- and one fund that is well known to fund aficionados -- is the Yacktman Fund
($674 in AUM).
Others making the cut are Intrepid Small Cap Fund
, Catalyst Value Fund
, Appleseed Fund
, Reynolds Blue Chip Growth Fund
, Rydex/SGI Small Cap Value Fund
and Monteagle Informed Investor Growth Fund
Sean Hanna, Editor in Chief
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